Market Update 4:45 PM ET — Bearish Breadth, 3849 Bull Setups Active | November 3, 2026

Market Conditions at 4:45 PM ET

Breadth is running thin into the close at 4:45 PM ET. Only 37% of the 10,281 stocks in our scan are flashing bull setups (3,849 versus 1,901 bear), and the average SCTR of 4.8 confirms this is a narrow, low-quality tape. SPY holds a Confirmed Bull trend with an SCTR of 7 and six bull counts, but that strength is concentrated rather than broad. The speculative end of the market is doing the heavy lifting—CTNT, VYNE, FMFC, LMFA, and IMMP lead the bull signals—while SJT, TZA, and KOD sit at maximum extension, a setup that typically precedes sharp mean-reversion flushes. With breadth this lopsided and momentum this extended in a handful of names, the path of least resistance over the next 60–90 minutes is a fade, not a chase. Sub-40% bullish participation gives the tape little cushion, and extended names like TZA and KOD are prime candidates for profit-taking into the bell. Expect chop with a downward bias in the broad indices while the top bull signals see volatile two-way trade. Any bounce should be treated as a selling opportunity rather than a new leg higher until breadth improves. Watch the extended names into the close and set your alerts before the bell—tomorrow's open will tell you whether this was distribution or just a pause.